State-linked Dubai World's property and investment assets exceeded $120 billion at the end of 2009, and could cover its debt of $57 billion, an Arabic-language daily said on Sunday.
Citing a recent internal report shared with creditors, Al Ittihad newspaper said the value of the company's property assets dropped around 35% in 2009, compared with $157 billion in 2008.
"The drop in the value of investment and strategic assets for the group did not exceed 20%," the paper said.
Dubai World is one of Dubai's largest conglomerates. The group came under fire last November when it said it would restructure $26 billion in debt.
Dubai is one of seven emirates comprising the United Arab Emirates.
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